TerraForm Power, Inc. (NASDAQ:TERP) has been given an average rating of “Hold” by the seven research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.63.

Several research firms have recently issued reports on TERP. Zacks Investment Research lowered TerraForm Power from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub upgraded TerraForm Power from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Robert W. Baird restated a “hold” rating and issued a $13.00 price target on shares of TerraForm Power in a research report on Sunday, September 3rd.

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Shares of TerraForm Power (NASDAQ:TERP) traded down 1.02% during mid-day trading on Friday, hitting $13.64. The stock had a trading volume of 282,008 shares. The stock’s market cap is $1.70 billion. The firm’s 50-day moving average price is $13.23 and its 200 day moving average price is $12.44. TerraForm Power has a 12-month low of $10.99 and a 12-month high of $14.69.

TerraForm Power (NASDAQ:TERP) last released its earnings results on Friday, July 21st. The solar energy provider reported ($0.94) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.63. TerraForm Power had a negative net margin of 24.72% and a negative return on equity of 5.81%. The firm had revenue of $135.22 million during the quarter. Equities analysts forecast that TerraForm Power will post ($0.73) EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Verition Fund Management LLC bought a new position in shares of TerraForm Power in the 2nd quarter worth $173,000. Aquamarine Capital Management LLC bought a new position in shares of TerraForm Power in the 2nd quarter worth $2,513,000. State Street Corp boosted its position in shares of TerraForm Power by 4.1% in the 2nd quarter. State Street Corp now owns 1,602,705 shares of the solar energy provider’s stock worth $19,233,000 after purchasing an additional 63,271 shares during the last quarter. AHL Partners LLP bought a new position in shares of TerraForm Power in the 2nd quarter worth $411,000. Finally, Tudor Investment Corp ET AL boosted its position in shares of TerraForm Power by 110.5% in the 2nd quarter. Tudor Investment Corp ET AL now owns 29,690 shares of the solar energy provider’s stock worth $356,000 after purchasing an additional 15,588 shares during the last quarter. Institutional investors and hedge funds own 80.79% of the company’s stock.

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TerraForm Power Company Profile

TerraForm Power, Inc is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts.